Donald Labriola


Technologies like digital audio, the Internet, and broadband communications spur economic growth and foster new patterns of commerce and social interaction. But they also spawn disruptive innovations that force established industries to forge novel responses or risk falling by the wayside. The horse-and-buggy industry, vaudeville, and video-rental stores are but a few examples of thriving markets that found themselves on the scrap heap of obsolescence because they failed to react quickly to the devastating effects of new technology.